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theforexarmy
2 mar 2017 07:48

USDCHF approaching major resistance, prepare to sell Kort

U.S. Dollar/Swiss FrancFXCM

Beskrivning

Sell below 1.0137. Stop loss at 1.0168. Take profit at 1.0063.
Reason for the trading strategy (technically):
We prepare to turn bearish below 1.0137 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) for a further push down to 1.0063 support (Fibonacci retracement, recent swing low support).
Stochastic (34,5,3) is seeing major resistance below the 93% level and is currently displaying bearish divergence vs price, signalling a reversal is impending.
Kommentarer
lg.haris
noted and order palced
lg.haris
@lg.haris, going well till now
Mer